Nostro Reconciliation Officer

Position

Nostro Reconciliation Officer

Department

Nostro Reconciliation & Post-Settlement Interventions

Reporting

Head of Back Office Settlements

Location

Geneva, Switzerland

 

 

Mission

Perform daily cash, FX and MM reconciliation against correspondent or counterparty’s ledger, reconcile internal accounts, and handle breaks until completeness.

Promptly handle settlement topics, mainly compliance and settlement related questions.

Perform all control activities in scope of the department.

Tasks and responsibilities

Nostro Reconciliation

• Daily reconcile all the accounts with correspondents, and the accounts under the BOS responsibility

• Identify breaks and suspense bookings, register them in the reconciliation’s tools


• Allocate breaks and suspense to relevant stakeholders


• Closely follow-up breaks and suspense completion in accordance with the risk matrix


• Chase the stakeholders if necessary to ensure smooth completion


• Daily or monthly report on breaks and suspense booking to internal stakeholders, including the Head of BOS, Head of Finance and CFO

 

Settlement Interventions

• Promptly and proactively handle correspondent banking’s questions related to compliance or settlement topics

 

Controls

• Escalate risk sensitive cases to the Head of BOS and within the NR&PSI team


• Handle monthly internal control and control campaigns (incl. SOx controls)


• Make sure internal procedures and group policies comply with compliance and risk procedures

 

Project

• Can be involved in project impacting the department


• Perform User Acceptance Testing

 

 Internal and external relationship

 

Internal

In regular contact with Front Office (commercial and treasury), Middle Office, other Operation departments (documentary credit, credit administration, central file), and Compliance

 

External

Daily exchange with our correspondent banking’s contacts

Required skills

Technical

• Knowledge in cash payment: SWIFT (xml – ISO20022 is a plus), SIC, SEPA


• Knowledge in MM and FX: spot, forward, swap


• Knowledge in correspondent banking scheme and cash payment methods


• Competent level in Excel is compulsory


• Advanced skills in Excel, SharePoint, data, or programming are a strong plus


• Knowledge of GTM is a plus

 

Professional

• Very reactive


• Well organised


• Diplomat


• Analytic


• Problem-solver


• Open to change


• Proactive

 

Languages

• French: Fluent


• English: Advanced

 

Required professional experience and background

 

• Bachelor’s degree in economics, business administration, or another relevant sector


• 4 years of experience in banking industry

 

Applicants must be eligible to work in Switzerland. Applications not matching all above requirements will not be considered.